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lara [203]
2 years ago
13

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Mathematics
1 answer:
uysha [10]2 years ago
8 0

Answer:???

Step-by-step explanation:

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Jacey obtains a 30-year 6/2 ARM at 4% with a 2/6 cap structure in the amount of $224,500. What is the monthly payment during the
beks73 [17]
In this case we have an ARM fixed for 6 years and adjust after the initial first 6 years every 2 years after. The basic idea behind a ARM is that the interest changes periodically, but since our ARM is fixed for 6 years, our going to calculate the monthly payment during the initial period using the formula: m= \frac{P( \frac{r}{12}) }{1-(1+ \frac{r}{12})^{-12t}  }
where
m is the monthly payment
P is the amount
r is the interest rate in decimal form 
t is the number years

First we need to convert our interest rate of 4% to decimal form by dividing it by 100%:
\frac{4}{100} =0.04
We also know from our question that P=224500 and t=30, so lets replace those values into our formula to find the monthly payment:
m= \frac{224500( \frac{0.04}{12}) }{1-(1+ \frac{0.04}{12})^{-(12)(30)}  }
m=1071.80

We can conclude that the monthly payment during the initial period is $1071.58<span />
7 0
3 years ago
TOPIC: Forming and Solving Equations (An equation must be included as well please)
Tatiana [17]
1) let both have x ,
so putting in eqn ;

4x+0.50 = 9x-3
5x=2.50
x=0.50

therefore both have 50 p in the beginning !!

2) let the number be x

so in eqn;

(x+18)/2=5x
x+18=10x
9x=18
x=2

so the number must be 2 !!


if you have still any problem, comment !!
6 0
3 years ago
Read 2 more answers
Please help, tysm if you do :D
castortr0y [4]

Answer:

I think it is C I don't really know but try C

7 0
2 years ago
Michael threw a baseball 17.6 meters. His older brother, Kyle, threw a baseball 3.5 times farther than Michael. How far did Kyle
lukranit [14]

Answer: 61.6

Step-by-step explanation:

17.6 X 3.5 = 61.6

6 0
2 years ago
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I will mark brainlyest plss helpp
lana [24]

Answer:

The answer is C

Step-by-step explanation:

i also use khan

5 0
2 years ago
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